Insurance Journal
GALVESTON — The federal government on Thursday announced the first-ever chance for companies to lease areas in the Gulf of Mexico to build wind farms, including two parcels roughly 30 miles off the Texas coast near Galveston. Renewable energy develop...
Posted: Jul 20, 2023
The Environmental Protection Agency levied a $1.3 million fine on a Texas oil and gas company for excess emissions from tanks, flares and other equipment the EPA using a helicopter equipped with a special infrared camera that identifies hydrocarbon l...
Posted: Jul 20, 2023
TD Garden’s owner Delaware North and its janitorial service are not liable for the injuries an attendee at a Boston Bruins hockey game suffered when he slipped and fell on the Boston arena’s concourse floor. Alexander Raheb had argued tha...
Posted: Jul 20, 2023
DOXA Insurance Holdings Adds New Team to Launch Property MGA DOXA Insurance Holdings, headquartered in Fort Wayne, Ind., welcomed two new team members, Liz Coakley and Caitlin Murphy. Coakley and Murphy, senior-level underwriters with over 15 years o...
Posted: Jul 20, 2023
This edition of International People Moves details appointments at RenaissanceRe and AXIS Capital Holdings. A summary of these new hires follows here. RenaissanceRe Promotes Lang to Group Chief Risk Officer, Succeeding Branagan RenaissanceRe Holdings...
Posted: Jul 20, 2023
CHICAGO (AP) – Civil rights attorney Ben Crump said his law firm and other attorneys have received reports of hazing within Northwestern University’s baseball and softball programs, in addition to growing complaints of hazing within the school&...
Posted: Jul 20, 2023
The Illinois Supreme Court on Tuesday refused to reconsider its 4-3 decision that found violations of the state’s Biometric Privacy Act occur each time an unauthorized scan is made, rejecting arguments that such an interpretation will lead to a...
Posted: Jul 20, 2023
AXA XL in the UK has launched its Excess Emissions Insurance product helping marine clients to manage their environmental footprint and support action on carbon emissions. In partnership with ClimateSeed – a company that provides premium carbon remov...
Posted: Jul 20, 2023
The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186 million for failing to sufficiently address money laundering control problems and other shortcomings previously flagged by the U.S. central bank. The new penalt...
Posted: Jul 20, 2023
Thirteen Republican state attorneys general are cautioning CEOs of the 100 biggest U.S. companies on the legal consequences for using race as a factor in hiring and employment practices, demonstrating how the Supreme Court’s recent ruling disma...
Posted: Jul 20, 2023
Parts of Kentucky cannot seem to catch a break from extreme weather events. Some 18 months after a powerful tornado ripped up much of downtown Mayfield, in southwestern Kentucky, heavily damaging businesses, homes, churches and a few insurance agenci...
Posted: Jul 20, 2023
Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax. June’s month catastrophe losses include 18 events estimated at $1.13 billion, with approximately 60% of the losses related...
Posted: Jul 20, 2023
Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax. June’s month catastrophe losses include 18 events estimated at $1.13 billion, with approximately 60% of the losses related...
Posted: Jul 20, 2023
Drugmaker Pfizer Inc. said on Wednesday its plant in Rocky Mount, North Carolina, which is one of the largest sterile injectable product facilities in the world, has suffered heavy damage from a tornado. A company spokesperson in an emailed statement...
Posted: Jul 20, 2023
Two of the world’s largest insurers are weighing the sale of businesses in the United Kingdom, according to people familiar with the matter. American International Group Inc. is working with advisers to explore a sale of its life-insurance unit...
Posted: Jul 20, 2023
With record heat in Florida and the rest of the U.S., officials in Miami-Dade County are moving to protect about 80,000 outdoor workers in the construction and agriculture trades. The Miami-Dade County Commission gave initial approval Tuesday for new...
Posted: Jul 20, 2023
Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds. The company reported a profit of $2.20 per share, excluding one-time costs, for the three months ende...
Posted: Jul 20, 2023
U.S. population growth in hurricane-prone states, coupled with the increasingly heavy rainfall which accompany these storms, has generated costlier insurance claim payouts for wind and flood-caused property damage, according to the Insurance Informat...
Posted: Jul 20, 2023
Travelers Companies Inc. on Thursday reported a 98% fall in quarterly profit, as severe wind and hailstorms in parts of the United States pushed up its catastrophe losses. Core income of the New York-based company, often seen as a bellwether …
Posted: Jul 20, 2023
New managers can be the stuff of office workers’ nightmares. That’s according to new research by digital learning system Oji Life Lab, which found that one in five employees lost sleep over a newly minted manager with inadequate leadershi...
Posted: Jul 20, 2023
AT&T said on Tuesday it does not intend to immediately remove lead cables from Lake Tahoe pending further analysis, according to its court filing. Shares of AT&T this week hit their lowest level in 30 years, after analysts downgraded the R...
Posted: Jul 20, 2023
An operation to start removing some 1.1 million barrels of oil from a decaying tanker moored off Yemen’s coast could start by the end of the week, the United Nations said on Tuesday. U.N. officials have been warning for years …
Posted: Jul 20, 2023
Ukraine is setting up a temporary shipping route to maintain grain shipments after Russia quit a deal allowing Ukrainian exports via a UN-backed safe corridor in the Black Sea, Kyiv said on Wednesday. Russia attacked Ukraine’s Black Sea Odesa p...
Posted: Jul 20, 2023
Russia warned that from Thursday any ships traveling to Ukraine’s Black Sea ports will be seen as possibly carrying military cargoes after Ukraine said it was setting up a temporary shipping route to try and continue its grain exports. The R...
Posted: Jul 20, 2023
The Biden administration and major consumer technology players on Tuesday launched an effort to put a nationwide cybersecurity certification and labeling program in place to help consumers choose smart devices that are less vulnerable to hacking. Off...
Posted: Jul 20, 2023